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Good morning all. I guess today we'll see if I read the whole Thursday/Friday sell down wrong and it was just another in a long long string of "one day wonders" that just happened to stretch into two days.

So they did it. Today we crossed over and closed over DOW 22K for the first time in history. The question is, what happens next? In today's edition of the Free Investment Newsletter, we chat about what it is that is powering this market higher, and if there's going to be a final surge higher as "people panic to get in". Well, I have my opinion about all that, so please take a minute to read today's letter and see what you think.

Think about it. Is it possible? Can this market go to DOW 50K? In today's letter we are looking at the reason that it "could" if certain criteria are met. Then of course we talk about the arguments against such a thing happening. I know it sounds absolutely insane to consider a market at 50K, but this is a different world. This isn't 1980 folks. In 2017 Central banks are buying stocks. Over in Europe, Draghi is still pumping 65 billion a month into markets. They now own 10% of ALL European corporate debt.

This is a new world. A scary world. Give it a read folks, this could be important.

Yesterday we closed out the day flat. The DOW slipped by 22, the S&P by 3. It was another in a long string of low volume pause days. I'm not positive but I think it was the second lowest volume day of the year.

Monday was a sleeper. While they did take us well off the lows of the day, when it was all over we were still down yet again. I think that makes 7 of the last 8 days where the DOW slid sideways and down. It is beginning to look like we might not get that last hurrah push higher.

Well, did you see it? The once very common late day magic levitation has returned! Yesterday the market was bouncing around at the low end of its range, mostly between say DOW + 40 and DOW + 65 points. Then exactly at 3:30 it hit. From 3:30 right into the close, everything just magically went higher. The S&P gained a full 10 points in just 30 minutes. The DOW was pushing 70. What was that all about?

I stumbled on a headline this week, that so completely “threw me for a loop” that I went on a two hour search to find an article I wrote all the way back in 2013. I’m going to reprint that article here in a moment. But first the “headline” that completely put me in a vegetative babbling state. Here it is...

Failure to find a sexual partner is now a DISABILITY says World Health Organisation

Hello everyone, we've made it to Friday. However it's Jobs Friday and we have to get past that.

Yesterday was a low volume, boring session that basically just existed to keep the market flat ahead of today's jobs. However, like many days lately...as the big averages didn't do much, there was movement inside the averages.

Last night the API put out a report saying that there was a 3.4 million barrel build up of crude oil. Well the market has been trading a lot lately in tandem with the direction of crude. So this morning the DOW and S&P was pretty red. But then something interesting happened. Just as we were picking up steam to the downside, the DOE oil inventory number hit and they said that we had a 3.6 million barrel DRAW DOWN. So instantly oil perked up and the DOW/S&P started sprinting higher.

Well obviously one of them has to be wrong. But which one? Consider that the API numbers are privately generated while the DOE numbers come straight from Uncle Sam and you can pretty much bet, Uncle's numbers were made up for the sole reason of pushing stocks higher. It worked for a while. The S&P was down 10 points before the DOE report and was down just 1 shortly after. But it couldn't hold and we faded lower. This is what passes for a "free" market in 2016.